United Technologies (UTX) reported a 1.2% improvement in its third-quarter profit, driven by stronger Otis and aerospace sales.

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The maker of Pratt & Whitney aircraft engines and Black Hawk helicopters also raised the low end of its forecast for per-share earnings by 10 cents, calling for a profit of $6.10 to $6.15 a share. But United Tech lowered its revenue view by $1 billion to $63 billion, citing weakness in military aerospace markets and the European economy.

United Tech logged a profit of $1.43 billion, or $1.57 a share, just ahead of the year-ago period’s $1.42 billion, or $1.56 a share.

The third quarter included restructuring costs of eight cents a share, while favorable items boosted earnings last year. Earnings from continuing operations climbed to $1.55 a share in the latest period, up from $1.37 a share.

Revenue edged 2.8% higher to $15.46 billion. Organic sales, which strip out acquisitions, sales and currency impacts, were up 1%.

United Tech’s profit beat Wall Street expectations of $1.54 a share, while revenue fell short of a $16.18 billion estimate.

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The Hartford, Conn.-based company saw new equipment orders at its Otis elevator segment rise 4%, while orders grew 13% at its climate, controls and security business.